2362 Franklin Avenue E, Seattle, WA 98102
Property image
Property image
FOR SALE
3D VIEW
Listed by Daniel Lim, Lee & Associates Commercial RE

$3,350,000

  • 16 Beds
  • 8 Baths

2362 Franklin Avenue E, Seattle, WA 98102

Eastlake
Est. Mortgage $20,465/mo*
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Home Highlights

Multi-Family
Built in 1967
8 Parking Spaces

Local Information

  • Map ViewExplore the area around 2362 Franklin Avenue E.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Double paned windows throughoutLarge closetsIn-unit laundryDedicated dining spacesPrivate patio or balconyPantry storage
We are pleased to present Franklin 8 in Seattle’s Eastlake neighborhood! Built in 1967, the 8-unit asset comprises ~7,458 SF and features 8 spacious 2BD, 1BTH units. Each features a private patio or balcony and the large 930 SF floorplans include dedicated dining spaces, large closets, and pantry storage. The top floors units feature Clerestory height ceilings and windows in the living space. 2 units have been fully remodeled and equipped with in-unit laundry, providing the template to realize additional upside in completing renovations on the remaining 6 units. Significant capital improvements have been completed in 2023, including a reseal roof, replaced cedar siding, updated fencing, and improved landscaping. The building also features double paned windows throughout. In addition to its steady in-place performance and renovation upside, the asset presents investors with a unique opportunity to further increase density through the redevelopment of the rear parking lot which should support a 4-story building addition programed either as townhomes or eight potential new apartments (Buyer to verify). Positioned in one of Seattle’s most supply constrained and high-demand rental submarkets, the property supports the execution of multiple strategies for significant value add and upside building on a base of consistent and durable cashflow.

Home Details for 2362 Franklin Avenue E

Interior Features

Beds & Baths
Number of Bedrooms: 16Number of Bathrooms: 8
Heating & Cooling
Heating: Radiant,ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Radiant
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Company: Seattle City Light
Windows, Doors, Floors & Walls
Window: Thermal WindowsFlooring: Vinyl, Vinyl Plank, Carpet
Levels, Entrance, & Accessibility
Number of Stories: 4Floors: Vinyl, Vinyl Plank, Carpet
View
Has a ViewView: City, Lake, Partial, Territorial

Exterior Features

Exterior Home Features
Roof: FlatFoundation: Poured Concrete
Parking & Garage
Open Parking Spaces: 8No CarportNo Open ParkingParking Spaces: 8
Frontage
Road Frontage: AlleyNot on Waterfront
Water & Sewer
Sewer: Sewer Connected, Company: Seattle Public Utilities
Farm & Range
Does Not Include Irrigation Water Rights
Surface & Elevation
Elevation Units: Feet

Property Information

Year Built
Year Built: 1967Year Renovated: 1996
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: 5-9 Units
Building
Construction Materials: Cement/Concrete, Wood Siding
Property Information
Condition: Very GoodUsage of Home: Multi-FamilyParcel Number: 2902200805

Price & Status

Price
List Price: $3,350,000
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Media

Location

Direction & Address
City: SeattleCommunity: Eastlake
School Information
High School District: Seattle

Agent Information

Listing Agent
Listing ID: 2529866

Community

Not Senior CommunityUnits in Building: 8

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 6599.34 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Conventional

Energy

Energy Efficiency Features: Thermal Windows

Miscellaneous

Mls Number: 2529866Offer Review: Seller intends to review offers upon receiptWater ViewWater View: LakeShowing Requirements: See Remarks

Additional Information

Internet Entire Listing Display YN C

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Eastlake
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Eastlake

At least 19 Trulia users voted on each feature.

  • 95 % Say there are sidewalks

  • 95 % Say it's dog friendly

  • 93 % Say it's walkable to restaurants

  • 91 % Say people would walk alone at night

  • 79 % Say car is needed

  • 64 % Say streets are well-lit

  • 62 % Say neighbors are friendly

  • 47 % Say there's holiday spirit

  • 47 % Say parking is easy

  • 42 % Say kids play outside

  • 41 % Say it's walkable to grocery stores

  • 41 % Say yards are well-kept

  • 38 % Say it's quiet

  • 32 % Say there's wildlife

  • 27 % Say they plan to stay for at least 5 years

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Pennypickett
    "The city is setting up Rapid Transit right on Eastlake. Not a good neighborhood for car owners. If you take the bus or walk or bike - this neighborhood will be usable. NO grocery store here!"
    3
    Flag
  • Tanyac
    "You can walk along the water and let them splash around or head to the parks for some fetch. Most people clean up after their dogs and we interact with other friendly dogs regularly."
    2
    Flag
  • Aina W.
    "It’s a dog friendly neighborhood and there are great places for dogs to run. It’s awesome and very inviting "
    1
    Flag
  • Aina W.
    "I think it’s a great neighborhood for dogs. Water access is everywhere and people are super friendly. "
    2
    Flag
  • Mellow328
    "There’s a handful of owners whom don’t pick up after their dogs. There’s also no dog park to let your dogs run around off leash. "
    0
    Flag
  • Annajenn
    "Beautiful, especially in the summer. Tons of cute little mini parks by the water to enjoy the view. Not many bars/restaurants within walking distance, but the few (mammoth, serafina, ciccheti) are great. "
    5
    Flag
  • do n. c.
    "I just moved here and I love it. I wake up to the birds chirping and fall asleep to the crickets and frogs. The city views are incredible. I am close to Pete's Market which has a wonderful produce section and amazing variety of wines. I love being just down the road from 14 Carrots Café, an awesome breakfast and lunch location. I will live here for as long as my landlord will allow. I love it so much!"
    7
    Flag
  • Michael F.
    "I live here, and walk to work. Eastlake is a great neighborhood if you enjoy living an urban lifestyle, with great restaurants, shops, and parks all within walking distance. Public transportation is excellent, with frequent buses."
    3
    Flag

Market trends in Seattle

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$866K
$6.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$550
$8MoM
Available listings
2755
21MoM

Home Value

Trulia Estimate
$3.19M
Since last month
Increased$162K (+5.4%)
Since last year
$400 (0%)
Since last sale
Decreased$57K (-1.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -6% in the last 10 years
MonthEstimated value
2026
September 2026$3.19M
August 2026$3.03M
July 2026$3.07M
June 2026$3.1M
May 2026$3.35M
April 2026$2.88M
March 2026$3.02M
February 2026$3.07M
January 2026$3.09M
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1425 E Prospect Street #1-10, Seattle, WA
1.05
Multi-Family Home
$2,225,000
12/19/25
11
10
8,659
2010 Waverly Place N, Seattle, WA
0.87
Multi-Family Home
$2,025,000
01/15/26
7
5
3,860
812 E Gwinn Place, Seattle, WA
0.47
Multi-Family Home
$1,181,206
09/02/26
6
3
3,580
1441 E Aloha Street, Seattle, WA
1.15
Multi-Family Home
$1,693,750
07/28/26
9
6
4,756
2214 Broadway E #A, Seattle, WA
0.24
Multi-Family Home
$800,000
02/20/26
4
2.5
1,969
2017 Eastlake Avenue E #303, Seattle, WA
0.31
Multi-Family Home
$535,000
09/26/25
2
2
928
3637 Woodlawn Avenue N, Seattle, WA
0.98
Multi-Family Home
$1,475,000
08/14/26
7
3
3,900
612 Malden Avenue E, Seattle, WA
1.27
Multi-Family Home
$2,098,950
11/13/25
6
7
-
125 E Lynn Street #301, Seattle, WA
0.16
Multi-Family Home
$1,300,000
02/18/26
2
2.5
1,592

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
261 E Louisa Street, Seattle, WA 98102
0.04
$1,150,000
2
2.5
1,760
Recently Sold
2368 Franklin Avenue E #B, Seattle, WA 98102
0.02
$849,950
3
2
1,421
For Sale
2358 C Franklin Avenue E, Seattle, WA 98102
0.01
$964,500
3
2
1,520
Off Market
2356 C Franklin Avenue E, Seattle, WA 98102
0.01
$957,800
3
2
1,503
Off Market
2346 Franklin Avenue E #C, Seattle, WA 98102
0.02
$876,600
3
2
1,430
Off Market
2346 Franklin Avenue E #A, Seattle, WA 98102
0.02
$909,100
3
2
1,430
Off Market
2346 Franklin Avenue E #B, Seattle, WA 98102
0.02
$829,600
3
2
1,430
Off Market
2345 Boylston Avenue E #301, Seattle, WA 98102
0.04
$525,000
2
2
980
Off Market
2344 C Franklin Avenue E, Seattle, WA 98102
0.03
$872,800
3
2
1,440
Off Market
2344 Franklin Avenue E #A, Seattle, WA 98102
0.03
$829,700
3
2
1,440
Off Market
2334 Franklin Avenue E #E, Seattle, WA 98102
0.05
$749,950
4
3
1,446
For Sale

Price and Tax history

DateEventPrice
May 27, 2026
Source: NWMLS as distributed by MLS GRID #2529866
Listed For Sale
$3,350,000
Sep 29, 2023
Source: NWMLS as distributed by MLS GRID #2072907
Sold
$3,250,000
Jul 12, 2023
Source: NWMLS as distributed by MLS GRID #NWM2072907
Pending
$3,400,000
May 25, 2023
Source: NWMLS as distributed by MLS GRID #NWM2072907
Listed For Sale
$3,400,000

LGBTQ Local Legal Protections

Daniel Lim, Lee & Associates Commercial RE
Based on information submitted to the MLS GRID as of 2026-09-23 10:58:50 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS Click here for more information

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Frequently asked questions about 2362 Franklin Avenue E

  • What is the estimated monthly payment for 2362 Franklin Avenue E?
    Based on a $3,350,000 list price with 20% down at today's rates, the estimated monthly payment for 2362 Franklin Avenue E in Seattle, WA is approximately $20,719 (about $18,355 principal & interest, $2,289 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 2362 Franklin Avenue E compare to homes in Seattle?
    2362 Franklin Avenue E in Seattle, WA is listed at $3,350,000, about 287% above the $866K median sale price in Seattle.
  • What do residents say about the Eastlake neighborhood?
    Residents describe the Eastlake neighborhood in Seattle, WA as pedestrian-friendly, dog-friendly, and walkable to restaurants. See homes for sale in Eastlake, Seattle.
  • What are the closest schools to 2362 Franklin Avenue E?
    The closest schools to 2362 Franklin Avenue E in Seattle, WA are Edmonds S. Meany Middle School (rated 5/10), Garfield High School (rated 8/10), Montlake Elementary School (rated 9/10).
  • Does 2362 Franklin Avenue E have parking?
    Yes, 2362 Franklin Avenue E in Seattle, WA has on-site parking.
  • Is there a virtual tour of 2362 Franklin Avenue E?
    Yes, a virtual tour of 2362 Franklin Avenue E in Seattle, WA is available.
2362 Franklin Avenue E, Seattle, WA 98102 is a 16 bedroom, 8 bathroom multi-family built in 1967. 2362 Franklin Avenue E is located in Eastlake, Seattle. This property is currently available for sale and was listed by NWMLS as distributed by MLS GRID on May 27, 2026. The MLS # for this home is MLS# 2529866.